United Heat Transfer Secures Working Capital Facility Through Additional Legal Mortgage from Saraswat Bank
United Heat Transfer Limited (UHTL) has executed an Additional Legal Mortgage with Saraswat Co-operative Bank Limited to secure a working capital term loan facility amounting to Rs. 2.47 Crore. This facility is provided under the emergency credit Line Guarantee scheme -5.0.The additional security involves a second charge for a mortgage on the company's land and building, which are situated at Gat No. 352/B/1-4 in Talegaon, Dindori District, Nashik, Maharashtra. The collateral also includes ongoing constructions located thereon, specifically Gat No 352/B/1 (ongoing road), Gat No 352/B/2 (existing road), and Gat No 352/B/3.
This mortgage is in addition to the Deed of Hypothecation of Movable assets, dated June 24, 2026, which was executed for the same working capital loan facility. Under this hypothecation, UHTL's current assets, including stock, book debts, and plant and machinery, located at Plot No. F-131, MIDC, Ambad, Nashik, along with Gat No 352/B/1-4 in Talegaon, have been secured against the loan facility.
The loan agreement details, executed by Saraswat Co-operative Bank Limited to UHTL, are as follows:
| Feature | Detail |
|---|---|
| Purpose of Loan | Working capital Term loan facility under emergency credit Line Guarantee scheme -5.0 |
| Total Facility Size | Rs. 2.47 Crore (Rupees Two Crore Forty-seven Lakhs only) |
| Interest Rate | PLR minus 6.60% (subject to a minimum of 9.00% p.a.) |
| Tenure | 60 months, including a 12-month moratorium period |
| Primary Security | Movable Assets and Current assets, including stock, book debts, and fixed assets (Plant and machinery) |
The security package provided to the lenders includes both the additional land mortgage and the primary hypothecation. The Additional Security encompasses Industrial Non agricultural land, specifically Gat no. 352/B/4, measuring approximately 43,300 sq. mtrs., along with existing and proposed constructions in Talegaon Dindori, Nashik.
Details regarding the relationship between the involved parties confirm that there is no related party transaction. Furthermore, UHTL holds a shareholding in Saraswat Co-operative Bank Limited, currently holding 2,500 shares while also subscribing for an additional five lakh equity shares at a face value of Rs. 10/- each, resulting in a total potential shareholding of 5,02,500 equity shares.
UHTL Stock Price Movement
United Heat Transfer Limited shares today slipped by 1.98% to settle at ₹113.75 after trading in the post-market session. The equity recorded a total volume of 2,000 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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